Post by Mike on Jun 30, 2021 5:27:47 GMT -5
Progress Report for Q3, 2021
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Rory Cutaia: "So, I want to start with verbLIVE, which as I said, you've heard me say this many times, I believe is likely to be the greatest value creator
for our shareholders for years to come, and it launched commercially this quarter. When I talk about this difficult period of time producing the next Amazon,
this technology is what I'm talking about. True livestream in-video, e-commerce. It's a combination of Zoom and Shopify and the
disruptive implications of this technology and value creation potential is virtually unlimited." Rory is talking about verb.TV
for our shareholders for years to come, and it launched commercially this quarter. When I talk about this difficult period of time producing the next Amazon,
this technology is what I'm talking about. True livestream in-video, e-commerce. It's a combination of Zoom and Shopify and the
disruptive implications of this technology and value creation potential is virtually unlimited." Rory is talking about verb.TV
TDAmeritrade states a $4.00 price target
Q2, 2021 Progress Report
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Latest Updates - Q3, 2021
VERB to Present at H.C. Wainwright 23rd Annual Global Investment Conference on September 13-15, 2021
NEWPORT BEACH, Calif. and SALT LAKE CITY, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales enablement applications, including interactive livestream eCommerce and shoppable video, webinar, CRM, and marketing applications for entrepreneurs and enterprises, today announced that CEO Rory J. Cutaia will present at the H.C. Wainwright 23rd Annual Global Investment Conference to be held on September 13-15, 2021. He will also be meeting one-on-one with institutional investors virtually throughout the conference.
To view the presentation webcast on demand beginning on September 13, 2021, at 7:00 a.m. ET, please register using this link.
Mr. Cutaia will discuss the Company’s recent milestone announcements, including the release of verbMAIL for Microsoft Outlook, which provides interactive video email capabilities to enterprise and individual Outlook users, newly added powerful features such as attribution for verbLIVE and artificial intelligence/business intelligence to enhance sales productivity, client wins through partnerships with Market America Worldwide | SHOP.COM and NewAge, Inc., VERB’s upcoming interactive technology symposium verbLIT, and the growth of the livestream online commerce industry.
Register by September 10 to attend verbLIT in person or by September 24 to attend virtually
NEWPORT BEACH, Calif. and SALT LAKE CITY, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales enablement applications, including interactive livestream eCommerce and shoppable video, webinar, CRM, and marketing applications for entrepreneurs and enterprises, today announced that it will host its first technology showcase event called verbLIT, the Company’s Leading Interactive Technology Symposium, to highlight its leading-edge, interactive video-based sales tools that increase sales productivity and customer engagement.
“We are thrilled to showcase our sales tools at VERB’s first technology symposium,” said Rory J. Cutaia, CEO of VERB. “At verbLIT, you’ll get front-row seats to see how our products work, from the recently launched verbMAIL for Microsoft Outlook, to the powerful verbLIVE with Attribution feature, to our new AI/BI capabilities with PULSE. You’ll also meet the people behind these innovations and hear from those who have used them – what makes these sales tools different, why they like them, and what results they’re getting. It’s a testament to the dedicated people at VERB whose combined talents have produced a suite of next-level sales tools that we believe will generate enormous value for all our stakeholders, both now and in the years to come. We’ll also give you a sneak peek at what’s coming from Verb. If you enjoy watching Apple product launches, you’ll love verbLIT! Here is a preview.”
verbLIT
Date: Thursday, October 7, 2021
Time: 4 p.m. – 6 p.m. PT
Where: 2210 Newport Blvd, Suite 200, Newport Beach, CA
Registration Link: verbLIT Registration
To attend in person: Please register using the link above by end of day Friday, September 10, 2021, and check the box “Attending in person.” You must present your vaccination record at the reception desk to be allowed into the event. In-person attendance will be limited, and preference will be given to current shareholders. Local COVID-19 screening protocols and requirements will be strictly followed during the event.
To attend virtually: Please register using the link above by end of day Friday, September 24, 2021.
Additional information will be emailed to all registrants approximately one week before the event.
Dear Fellow Verb Stockholders:
It is my pleasure to invite you to the 2021 annual meeting of stockholders (the “Annual Meeting”) of Verb Technology Company, Inc. The Annual Meeting will be held on October 22, 2021 at 11:00 a.m. PDT virtually by means of remote communication and can be accessed by visiting www.virtualshareholdermeeting.com/VERB2021, where you will be able to listen to the meeting live, submit questions and vote online. You will not be able to attend the meeting in person. The purpose of the Annual Meeting is for the following purposes:
1. To elect six directors to our board of directors;
2. To ratify the selection of Weinberg & Company, P.A. as our independent registered public accounting firm;
3. To consider and vote upon a proposal to adjourn the Annual Meeting, if necessary or appropriate; and
4. To transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof.
You will also have the opportunity to hear what has happened in our business in the past year and to ask questions. Our board of directors recommends that you vote “FOR” the election of each of the director nominees; FOR the ratification of the appointment of Weinberg & Company, P.A. as our independent registered public accounting firm; and FOR the proposal to adjourn the Annual Meeting, if necessary or appropriate.
Only stockholders of record at the close of business on August 25, 2021 will be entitled to receive notice of and to vote at the Annual Meeting or any postponement or adjournment thereof. The accompanying Proxy Statement contains details concerning the foregoing items and any other business to be conducted at the Annual Meeting, as well as information on how to vote your shares. Other detailed information about us and our operations, including our audited financial statements, are included in our Annual Report on Form 10-K, as amended. We urge you to read and consider these documents carefully.
Your vote is very important. Whether or not you plan to virtually attend the Annual Meeting, we encourage you to read the accompanying Proxy Statement and submit your proxy or voting instructions as soon as possible. For specific instructions on how to vote your shares, please refer to the Notice of Internet Availability of Proxy Materials you received in the mail , and the additional information in the accompanying Proxy Statement. If you requested to receive printed proxy materials, you may also refer to the instructions on the proxy card enclosed with those materials.
Sincerely,
/s/ Rory Cutaia
Rory Cutaia,
Chairman of the Board, Chief Executive Officer,
President and Secretary
Approximate Date of Mailing of Notice of Internet Availability of Proxy Materials: September 10, 2021
NEWPORT BEACH, Calif. and SALT LAKE CITY, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales enablement applications, including interactive livestream eCommerce, webinar, CRM and marketing applications for entrepreneurs and enterprises, today announced that it has engaged Truist Securities, Inc. to advise the Company in connection with the execution of its growth through acquisition strategy.
“As I mentioned on our August 16, 2021 earnings call, our growth plans and initiatives are multi-faceted and include the ongoing evaluation of several potentially accretive acquisition opportunities that can accelerate VERB’s revenue growth and value creation,” said Rory J. Cutaia, CEO of VERB. “We have engaged Truist Securities in connection with one of those opportunities. Truist Securities has a deep bench of professionals with proven industry knowledge, and we are confident we will receive the best strategic and transactional advice as we continue to execute this facet of our growth plans to create value for our shareholders.”
Brian Kinstlinger: Great. Then similar line of questioning in terms of verbLIVE, how many enterprises do you have signed up and how many paying users do you have and then split between salesmen versus paid by the enterprise?
Rory J Cutaia: Gosh, I think we have got somewhere north of 600,000 people on live now, there abouts on a global basis. I am not sure I could tell you specifically how many of those are paying themselves for that. I would say that the vast majority of those subscriptions are being paid by their employers. Yes, I mean.
Brian Kinstlinger: I was going to ask you how penetrated is that 600,000 into the enterprises? Do they have 3 million possible field reps, do they have 6 million? Do they have–are you well penetrated, take me through what that capacity could look like?
Rory J Cutaia: Yes, the penetration rates, because it’s really so new. The penetration rates are pretty low. We have got huge, huge upside as we continue to add—well, as they continue to use it promoted internally. We are helping them with that, but the weekly growth numbers, the videos that are being created, different livestreams, it’s already exceeded all our expectations internally. I think I have mentioned previously in the call that we have seen tens of thousands of Verb livestream events just over the past couple of weeks. But what’s really the bigger deal about it is not so much that they are hosting events, which of course we’re thrilled about because that brings more people onto it, but the kinds of results that they are reporting internally, the sales results that they are getting are just really very, very impressive. I think that I mentioned some of the quotes from some of these executives and CEOs of these companies, they are pretty jaw dropping for them is one of the other things that I have heard. They were not expecting those kinds of results. It’s that good. It’s super engaging, people are enjoying it, it’s social, it’s fun. People somehow feel compelled to make a purchase when they are on there. It’s hard to explain and it’s one of the reasons I think that this is going to be such a big deal, not just for Verb, but for social selling and online selling, e-commerce globally.
Brian Kinstlinger: Then is it too early to tell us how attribution is impacted the maybe weekly signups and is attribution an up-charge, or now does it come standard in the product?
Rory J Cutaia: It’s an up-charge. We’ve added it to all the new verbLIVE accounts that are being sold. It’s safe to say that attributions are really a big deal in terms of the draw and the reason that people want to get on live as quickly as possible, because, as I have explained it, not everyone wants to be in front of the camera doing a verbLIVE event. But if you as a sales rep can refer all of your contacts to that other rep, that’s really great in front of the camera and you are still going to get paid. What, that means that now you want to get on there and use it. That’s really driving adoption rates and certainly driving our pipeline for companies coming in and asking for it.
Brian Kinstlinger: Great. Last question I have got is Salesforce had an announcement about release and adding Salesforce Plus. In my early days in dealing and talking with you, with Verb, clearly you were talking to Microsoft, you were talking with Salesforce, you were talking with a variety of CRM companies. This particular product sounded very similar to some of the things that your technology does. Could you just talk about your relationship with Salesforce, and if you are partner with them in any way, shape, or form right now, and maybe any comments would be helpful?
Rory J Cutaia: Yes, we have we have an existing partnership with Salesforce. They were one of the first large companies to embrace the technology. They have our first version of it now in the Salesforce store, it’s—I think I alluded to that in the call earlier, where there is a big, big upgrade coming to that in the near-term. I also alluded to that new Salesforce service that they come out with where they are now producing content, video content on a variety of different topics related to sales. I think that’s fantastic. I really do. It’s not shoppable. It’s not interactive content. It’s not anything like that. Sure, would I like to talk to them about making some of that content interactive, even if it’s taking polls and things like that in those videos that they are producing? Yes, absolutely. Am I going to try and do that? Yes, you better believe it. But our business is not going to revolve around that clearly. It just shows that people are beginning to embrace this concept of video being everything. I said last year, it’s table stakes. It’s more than table stakes now. It’s really all encompassing. Our technology, of course, takes it to the next level.
NEWPORT BEACH, Calif. and SALT LAKE CITY, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales enablement applications, including interactive livestream eCommerce, webinar, CRM and marketing applications for entrepreneurs and enterprises, today announced that CEO Rory J. Cutaia will present at the Sidoti August Microcap Conference to be held on August 18-19, 2021. He will also be meeting one-on-one with institutional investors throughout the conference. The presentation will be webcast live and available for replay.
Sidoti August Microcap Conference 2021
Presentation Date: Wednesday, August 18, 2021
Presentation Time: 3:15 p.m. ET / 12:15 p.m. PT
Registration Link: Sidoti Conference Registration
Mr. Cutaia will discuss Company’s recent milestone announcements, including the release of verbMAIL for Microsoft Outlook, which provides interactive video email capabilities to enterprise and individual Outlook users, partnerships with Market America Worldwide | SHOP.COM and NewAge, Inc. for the use of VERB’s technology for livestream ecommerce and customer relationship and content management, newly added powerful artificial intelligence features to enhance sales productivity, financial results for the second quarter 2021, and the growing livestream online commerce industry.
SaaS recurring revenue grew 26% year over year and 10% sequentially
3 New ‘Hyper Growth’ Products released in Q2 including:
verbMAIL video email solution for Microsoft Outlook – Gmail version coming
powerful Attribution feature added to verbLIVE creating an affiliate marketing component, increasing total addressable market exponentially
PULSE, an AI/BI-based feature set that tracks prospect interactions then educates salespeople while it automates the selling process
VERB Marketplace [codename], an online destination for livestream shopping, is in active beta testing with multiple retailers
3 New ‘Hyper Growth’ Products released in Q2 including:
verbMAIL video email solution for Microsoft Outlook – Gmail version coming
powerful Attribution feature added to verbLIVE creating an affiliate marketing component, increasing total addressable market exponentially
PULSE, an AI/BI-based feature set that tracks prospect interactions then educates salespeople while it automates the selling process
VERB Marketplace [codename], an online destination for livestream shopping, is in active beta testing with multiple retailers
NEWPORT BEACH, Calif. and SALT LAKE CITY, Aug. 11, 2021 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales enablement applications, including interactive livestream ecommerce, webinar, CRM and marketing applications for entrepreneurs and enterprises, today announced that it will host a conference call to discuss its financial results for the second quarter ended June 30, 2021 on Monday, August 16, 2021, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). Financial results will be issued in a press release prior to the call.
VERB CEO Rory J. Cutaia and CFO Jeff Clayborne will host the conference call, followed by a question-and-answer period.
VERB Q2 2021 Earnings Call
Date: Monday, August 16, 2021
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
To access by phone: Please call the conference telephone number 10-15 minutes prior to the start time. An operator will register your name and organization.
U.S. dial-in number: 1-877-300-8521
International number: 1-412-317-6026
To access by webcast: A live and archived webcast will also be available.
Webcast link: public.viavid.com/index.php?id=146228
A telephonic replay of the conference call will be available after 8:00 p.m. Eastern time on the same day through Monday, August 30, 2021.
Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 10159398
Want to see what verbMAIL looks like?
Investor Fireside Chat | Verb Technology CEO, Rory Cutaia with Trish Hunt on the Big Biz Show
We think live shopping will be way bigger in the U.S. than in China. (5:40)
A big client that has been demoing verbLIVE reported that 60% of attendees in one live stream bought something. (8:00)
A big client that has been demoing verbLIVE reported that 60% of attendees in one live stream bought something. (8:00)
NewAge Share App will serve up to 600,000 independent distributors in 75 countries.
VERB’s livestreaming technology expected to be added to the NewAge Share App and rolled out to international markets in September 2021.
VERB’s livestreaming technology expected to be added to the NewAge Share App and rolled out to international markets in September 2021.
August 6, 2021
Verb Technology Partners with Direct-to-Consumer (D2C) Company NewAge, Inc. in Launching App for Independent Distributors to Increase Customer Engagement and Drive Sales Conversion Rates
The NewAge Share app includes VERB’s customer relationship and content management application, verbCRM with artificial intelligence features, which facilitates the selling process by allowing distributors to manage, share directly with customers and prospects, and track interactive content, such as product literature and media, demo videos, personalized videos, or business proposals. It provides interaction analytics so distributors can determine which content is resonating with prospects, and assess overall customer engagement and campaign effectiveness. This allows distributors to focus their time and energy more effectively on high-probability sales prospects who have shown interest, thereby increasing their sales conversion rates. VERB customers have reported more than 600% increases in conversion rates. The NewAge Share app also includes verbLEARN, VERB’s proprietary learning management system for interactive video-based training and education. The app will be available in 10 languages and will serve up to 600,000 distributors in 75 countries.
Livestreaming capabilities, powered by VERB’s interactive livestream ecommerce solution verbLIVE, is expected to be added to the NewAge Share app for targeted international markets in September 2021.
"We are delighted to incorporate VERB’s powerful video-based technologies into our array of tools for our expansive network of global brand partners and independent distributors,” said Brent Willis, CEO of NewAge. “We value the impact of equipping our distributors with world-class digital tools and technology that can go hand in hand with our award-winning social assets and best-in-class brands. We are also excited to provide shoppable livestreaming capability in Japan and other international markets, as we believe it is a game-changing approach to social selling. We support our Brand Partners in every possible way to increase their sales conversion rates with more effective follow-ups and better customer engagement, and believe that VERB is best in the world to enable it."
“We are proud to be a technology partner for NewAge and help empower their Brand Partners with industry-leading sales enablement tools,” said Rory J. Cutaia, CEO of VERB. “VERB has developed a suite of easy-to-use products creating a friction-free, fun, social, and video-based sales experience that enhances customer engagement, while providing real-time viewer engagement analytics for more effective follow-ups that drive sales conversion rates. Additionally, we are very excited to support NewAge in growing its business with the forthcoming addition of livestreaming, especially in Asia where livestream selling is an enormous market and a massive opportunity.”
August 2, 2021
VERB to LiveStream Investor Fireside Chat with CEO Rory J. Cutaia Hosted By Trish Hunt on Thursday, August 5, 2021, at 3:30 p.m. ET
The event will be broadcast from LOFT100 Studios where the national television and radio program, “The Big Biz Show” is produced and will be recorded for replay on national TV and radio stations and on VERB’s YouTube and social media channels.
The event will also be broadcast live on verbLIVE, VERB’s livestream ecommerce platform. Up to 250 shareholders will be permitted to suggest questions to the Host in real time through verbLIVE
July 30, 2021
[NEWPORT BEACH, Calif. and SALT LAKE CITY, July 26, 2021 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), a leader in interactive video-based sales enablement applications, including interactive livestream ecommerce, webinar, CRM and marketing applications for entrepreneurs and enterprises, today announced that it is introducing A I capabilities to its sales enablement platform. The new feature set called “Pulse” is the first iteration of VERB’s artificial intelligence initiatives designed to make it easy for anyone to sell, giving pros and newbies alike a real competitive advantage. The new feature will be available in August 2021.
Designed by sales people for sales people, Pulse helps automate management of their customer relationships and interactions. Based on prior activities and behavior, Pulse guides users through behavior-driven prompts, reminders, and suggested actions for specific customers. Pulse also provides a variety of activity-based reports that offer insights on first-time orders, upcoming or cancelled shipments, and active or inactive customers. Pulse suggests tasks that will deliver the most timely customer interactions, such as following up now, setting reminders for later, or quickly connecting with inactive customers on new products or samples to get them re-engaged. Users can leverage the interactive video-based communication tools in verbCRM and verbTEAMS for personalized messages to customers or utilize pre-written messages with suggested content based on the recommended action. Additionally, Pulse offers a dashboard view of sales team members that provides insights for sales team management.New “Pulse” Feature to Greatly Enhance Sales Productivity
Designed by sales people for sales people, Pulse helps automate management of their customer relationships and interactions. Based on prior activities and behavior, Pulse guides users through behavior-driven prompts, reminders, and suggested actions for specific customers. Pulse also provides a variety of activity-based reports that offer insights on first-time orders, upcoming or cancelled shipments, and active or inactive customers. Pulse suggests tasks that will deliver the most timely customer interactions, such as following up now, setting reminders for later, or quickly connecting with inactive customers on new products or samples to get them re-engaged. Users can leverage the interactive video-based communication tools in verbCRM and verbTEAMS for personalized messages to customers or utilize pre-written messages with suggested content based on the recommended action. Additionally, Pulse offers a dashboard view of sales team members that provides insights for sales team management.New “Pulse” Feature to Greatly Enhance Sales Productivity
“Pulse is an innovative feature that we believe will have an immediate positive impact on our users’ day-to-day customer outreach, and the latest in a series of hyper-growth initiatives we intend to deliver to the market. Think about how much easier it will be for a salesperson tracking hundreds, if not thousands of customers, to make sure no potential sale falls through the cracks. With customizable push notifications, Pulse greatly enhances user awareness to support customers more effectively, increases customer interactions and engagement, and facilitates greater communication more easily through the application. We believe the personal touch from these direct communications will result in increased sales.”
July 23, 2021
verbMAIL: Open a LIVE one-on-one video stream with a viewer while they're watching your video! (6:00)
SHOP LIVE is powered by verbLIVE, the interactive livestream ecommerce application developed by Verb Technology Company
“Without a doubt, SHOP LIVE is the biggest and best tool we have ever released to the field,” said Marc Ashley, President & COO of Market America Worldwide. “Think about it. As a UFO, I can invite a few of my friends to a fun and interactive virtual event. When they join the live event, I can talk about how I’m building my own business and show off some of my favorite products that we have just released. When one of my friends wants to buy one of the products I’ve shown, I don’t have to send them to my website. They can just click to purchase the products inside the SHOP LIVE event. They get an amazing product, and I, as a UFO, have just made another sale. With SHOP LIVE, selling gold-standard products and helping others do the same by building their own business has never been this easy, convenient and accessible.”
New Verb Sales Tool Allows Over One Billion Enterprise and Individual Microsoft Outlook Users Worldwide to Create, Distribute and Track Interactive Videos Seamlessly From Within Outlook
Developed through direct collaboration with Microsoft’s Global Partner Solutions’ U.S. Technical Team
Now available to all Outlook users worldwide through the Microsoft AppSource Store, new milestone offering expands accessibility of enhanced video-based sales enablement tools and is expected to create an important revenue catalyst for VERB
Developed through direct collaboration with Microsoft’s Global Partner Solutions’ U.S. Technical Team
Now available to all Outlook users worldwide through the Microsoft AppSource Store, new milestone offering expands accessibility of enhanced video-based sales enablement tools and is expected to create an important revenue catalyst for VERB
Company to highlight its latest product verbMAIL, an interactive video sales technology that integrates with Microsoft Outlook
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